The negative short term outlook was recently confirmed by GSG with target price: 5.00 EUR. Target price supported by fundamentals i.e. decreasing sales, margins etc. In addition, Nordex is undergoing a reorganisation which will cause additional costs (drop of 10% FTE) etc. Uncertainty about the subsidizing of renewable energies will put a lot of pressure on Nordex and it´s financials.
My trading set-up.
TP 1: 8.25
TP 2: 7.50
TP 3: 7.00
SL: 10.50
This is just my personal opinion and not an advise.
My trading set-up.
TP 1: 8.25
TP 2: 7.50
TP 3: 7.00
SL: 10.50
This is just my personal opinion and not an advise.
Trade active
Note
All eyes on the 27 March: Annual results will be published. Main expectation: 2018 will be tough and 2019 everything will be better.Trade closed: target reached
This was fun; all targets reached with increadible profit margins ;) I hope you enjoyed the ride. It was my pleasure.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.